Coinbase International Exchange

Perpetual Futures Product Specifications

BTC Perpetual Futures

Product

Bitcoin Perpetual Futures 

Product Type

Linear Perpetual (USDC-settled)

Expiration

Perpetual / no expiration

Underlying Market

BTC-USD

Base Currency

Bitcoin (BTC)

Contract Code

BTC-PERP

Acceptable Collateral/Margin

USDC

Settlement Asset

Settled every 5 minutes in USDC

Contract Multiplier

1

Tick Size and Value 

Min tick size: $0.10 per bitcoin

Min tick value: $0.10 per contract (i.e. 1 BTC x $0.10 per BTC = $0.10 tick value)

Displayed Price Example

$26,700

Trading Hours

24 hours/day, 7 days/week, 365 days/year (excluding maintenance)

Minimum Order Size

10 USDC

Minimum Size Increment

0.0001 BTC

Maximum Leverage

5x (20% base initial margin)

Index Price

Derived via a BTC/USD Index price that updates every second.

ETH Perpetual Futures

Product

Ether Perpetual Futures 

Product Type

Linear Perpetual (USDC-settled)

Expiration

Perpetual / no expiration

Underlying Market

ETH-USD

Base Currency

Ether (ETH)

Contract Code

ETH-PERP

Acceptable Collateral/Margin

USDC 

Settlement Asset

Settled every 5 minutes in USDC

Contract Multiplier

1

Tick Size and Value 

Min tick size: $0.01 per ether

Min tick value: $0.01 per contract (i.e. 1 x $0.01 per ether = $0.01 tick value)

Displayed Price Example

$1,970.04

Trading Hours

24 hours/day, 7 days/week, 365 days/year (excluding maintenance)

Minimum Order Size

10 USDC

Minimum Size Increment

0.0001 ETH

Maximum Leverage

5x (20% base initial margin)

Index Price

Derived via an ETH/USD Index price that updates every second.

LTC Perpetual Futures

Product

Litecoin Perpetual Futures

Product Type

Linear Perpetual (USDC-settled)

Expiration

Perpetual / no expiration

Underlying Market

LTC-USD

Base Currency

Litecoin (LTC)

Contract Code

LTC-PERP

Acceptable Collateral/Margin

USDC

Settlement Asset

Settled every 5 minutes in USDC

Contract Multiplier

1

Tick Size and Value 

Min tick size: $0.01 per litecoin

Min tick value: $0.01 per contract (i.e. 1 LTC x $0.01 per LTC = $0.01 tick value)

Displayed Price Example

$92.24

Trading Hours

24 hours/day, 7 days/week 365 days/year (excluding maintenance)

Minimum Order Size

10 USDC

Minimum Size Increment

0.01 LTC

Maximum Leverage

5x (20% base initial margin)

Index Price

Derived via a LTC/USD Index price that updates every second.

XRP Perpetual Futures

Product

XRP Perpetual Futures 

Product Type

Linear Perpetual (USDC-settled)

Expiration

Perpetual / no expiration

Underlying Market

XRP-USD

Base Currency

Ripple (XRP)

Contract Code

XRP-PERP

Acceptable Collateral/Margin

USDC 

Settlement Asset

Settled every 5 minutes in USDC

Contract Multiplier

1

Tick Size and Value 

Min tick size: $0.0001 per XRP

Min tick value: $0.0001 per contract (i.e. 1 XRP x $0.0001 per XRP = $0.0001 tick value)

Displayed Price Example

$0.7023

Trading Hours

24 hours/day, 7 days/week 365 days/year (excluding maintenance)

Minimum Order Size

10 USDC

Minimum Size Increment

1 XRP

Maximum Leverage

3.3x (30% base initial margin)

Index Price

Derived via an XRP/USD Index price that updates every second.

SOL Perpetual Futures

Product

SOL Perpetual Futures 

Product Type

Linear Perpetual (USDC-settled)

Expiration

Perpetual / no expiration

Underlying Market

SOL-USD

Base Currency

Solana (SOL)

Contract Code

SOL-PERP

Acceptable Collateral/Margin

USDC 

Settlement Asset

Settled every 5 minutes in USDC

Contract Multiplier

1

Tick Size and Value 

Min tick size: $0.001 per SOL

Min tick value: $0.001 per contract (i.e. 1 SOL x $0.001 per SOL = $0.001 tick value)

Displayed Price Example

$55.794

Trading Hours

24 hours/day, 7 days/week 365 days/year (excluding maintenance)

Minimum Order Size

10 USDC

Minimum Size Increment

0.001 SOL

Maximum Leverage

3.3x (30% base initial margin)

Index Price

Derived via an SOL/USD Index price that updates every second.

AVAX Perpetual Futures

Product

AVAX Perpetual Futures 

Product Type

Linear Perpetual (USDC-settled)

Expiration

Perpetual / no expiration

Underlying Market

AVAX-USD

Base Currency

Avalanche (AVAX)

Contract Code

AVAX-PERP

Acceptable Collateral/Margin

USDC 

Settlement Asset

Settled every 5 minutes in USDC

Contract Multiplier

1

Tick Size and Value 

Min tick size: $0.001 per AVAX

Min tick value: $0.001 per contract (i.e. 1 AVAX x $0.001 per AVAX = $0.001 tick value)

Displayed Price Example

$15.153

Trading Hours

24 hours/day, 7 days/week 365 days/year (excluding maintenance)

Minimum Order Size

10 USDC

Minimum Size Increment

0.001 AVAX

Maximum Leverage

3.3x (30% base initial margin)

Index Price

Derived via an AVAX/USD Index price that updates every second.

DOGE Perpetual Futures

Product

Dogecoin Perpetual Futures 

Product Type

Linear Perpetual (USDC-settled)

Expiration

Perpetual / no expiration

Underlying Market

DOGE-USD

Base Currency

Dogecoin (DOGE)

Contract Code

DOGE-PERP

Acceptable Collateral/Margin

USDC

Settlement Asset

Settled every 5 minutes in USDC

Contract Multiplier

1

Tick Size and Value 

Min tick size: $0.00001 per dogecoin

Min tick value: $10 per contract (i.e. 1 DOGE x $10 per DOGE = $10 tick value)

Displayed Price Example

$0.07849

Trading Hours

24 hours/day, 7 days/week 365 days/year (excluding maintenance)

Minimum Order Size

10 USDC

Minimum Size Increment

1 DOGE

Maximum Leverage

2.5x (40% base initial margin)

Index Price

Derived via an DOGE/USD Index price that updates every second.

ADA Perpetual Futures 

Product

Cardano Perpetual Futures 

Product Type

Linear Perpetual (USDC-settled)

Expiration

Perpetual / no expiration

Underlying Market

ADA-USD

Base Currency

Cardano (ADA)

Contract Code

ADA-PERP

Acceptable Collateral/Margin

USDC

Settlement Asset

Settled every 5 minutes in USDC

Contract Multiplier

1

Tick Size and Value 

Min tick size: $0.0001 per cardano

Min tick value: $10 per contract (i.e. 1 ADA x $10 per ADA = $10 tick value)

Displayed Price Example

$0.3712

Trading Hours

24 hours/day, 7 days/week 365 days/year (excluding maintenance)

Minimum Order Size

10 USDC

Minimum Size Increment

1 ADA

Maximum Leverage

2.5x (40% base initial margin)

Index Price

Derived via a ADA/USD Index price that updates every second.

LINK Perpetual Futures 

Product

Chainlink Perpetual Futures 

Product Type

Linear Perpetual (USDC-settled)

Expiration

Perpetual / no expiration

Underlying Market

LINK-USD

Base Currency

Chainlink (LINK)

Contract Code

LINK-PERP

Acceptable Collateral/Margin

USDC

Settlement Asset

Settled every 5 minutes in USDC

Contract Multiplier

1

Tick Size and Value 

Min tick size: $0.01 per chainlink

Min tick value: $0.1 per contract (i.e. 1 LINK x $0.1 per LINK = $0.10 tick value)

Displayed Price Example

$14.28

Trading Hours

24 hours/day, 7 days/week 365 days/year (excluding maintenance)

Minimum Order Size

10 USDC

Minimum Size Increment

0.01 LINK

Maximum Leverage

2.5x (40% base initial margin)

Index Price

Derived via an LINK/USD Index price that updates every second.

XLM Perpetual Futures 

Product

Stellar Perpetual Futures 

Product Type

Linear Perpetual (USDC-settled)

Expiration

Perpetual / no expiration

Underlying Market

XLM-USD

Base Currency

Stellar (XLM)

Contract Code

XLM-PERP

Acceptable Collateral/Margin

USDC

Settlement Asset

Settled every 5 minutes in USDC

Contract Multiplier

1

Tick Size and Value 

Min tick size: $0.00001 per stellar

Min tick value: $10 per contract (i.e. 1 XLM x $10 per XLM = $10 tick value)

Displayed Price Example

$0.11565

Trading Hours

24 hours/day, 7 days/week 365 days/year (excluding maintenance)

Minimum Order Size

10 USDC

Minimum Size Increment

1 XLM

Maximum Leverage

2.5x (40% base initial margin)

Index Price

Derived via an XLM/USD Index price that updates every second.

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